EVN 0.25% $3.94 evolution mining limited

Ann: March 2024 Quarterly Report, page-2

  1. 5,254 Posts.
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    Outstanding.

    i) FY24 guidance maintained - no change! You beauty..

    ii) Gold price realised was only up 3% up quarter on quarter - $3171. So next quarter with gold hovering $3600 an ounce, cashflow should be turbocharged.

    iii) Red lake production increased 26% and costs fell 15% - they're getting on top of Redlake.

    iv) Slight slowdown in ounces produced due to wet weather (8,000 ounces) - was fearing much more.

    Should be $4 today IMHO.

    Above is not financial advice and my opinion only.

 
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